Weekly Freight Recap: 15/08/24
Aug 15, 2024
PANAMAX
Atlantic: The Panamax market saw continued rate declines this week, driven by limited demand and cautious sentiment across the Atlantic. The market showed a split between mineral and grain routes. While there was some support for early September South American arrivals, the overall outlook remains weak, with further rate corrections expected.
Pacific: In the Pacific, demand showed modest improvement, particularly for Japan-bound trips. However, ongoing pressure from a weak coal market, especially in China, kept rates under strain. Despite some fresh support, uncertainty persists, leading to continued rate adjustments.
SUPRAMAX
Atlantic: The Supramax market remained subdued with limited fresh activity. In the US Gulf, earlier gains have stalled, and the South Atlantic stayed stable with little change in rates. The Continent-Mediterranean routes lacked momentum, and overall market sentiment remained cautious.
Pacific: The Pacific Supramax market showed slight stabilization, with increased inquiries and firmer rate discussions. However, overall activity was still limited, and the balance between supply and demand resulted in minimal rate movement.
HANDYSIZE
Atlantic: The Handysize market showed some stability, particularly in the Continent-Mediterranean region, where rates improved slightly despite limited activity. In the South Atlantic, the market may have found a floor, but overall activity remained low.
Pacific: The Pacific Handysize market remained quiet, with little new information or significant rate changes. The market stayed balanced, with demand and supply in equilibrium, leading to minimal movement.
Weekly Recaps
Freight
Freight Recap:
18/04/25
Apr 18, 2025
The Atlantic market saw further pressure with rates declining across most routes. Despite some vessel movement toward South America on hopes of stronger grain activity, this has not translated into stronger sentiment. The region remains oversupplied, and charterers continue to dictate terms, keeping offers low and confidence weak.
Commodities
Agri- Commodities:
7/4- 11/4/25 Agri
Apr 15, 2025
Grain markets began the week relatively stable, despite heightened volatility in U.S. financial markets. The threat of escalating trade tensions between the U.S. and China remained a significant concern, as President Trump proposed additional tariffs on Chinese imports. In the grain markets, U.S. export inspections for soybeans and corn were strong, while wheat inspections fell short of expectations.
Freight
Freight Recap:
10/04/25
Apr 10, 2025
Atlantic: The market remained under pressure with falling rates driven by oversupply and limited fresh demand. While some activity was seen out of South America, it wasn’t enough to shift sentiment. Charterers maintained control, and offers remained far apart from bids, especially on transatlantic routes. Overall, market participants remained cautious, with attention also diverted by global financial uncertainty.
Commodities
Agri- Commodities:
31/3- 4/4/25 Agri
Apr 07, 2025
Grain markets kicked off the week digesting the USDA’s planting intentions report, which offered mild support to wheat and modest pressure on corn. However, corn still managed to finish higher for the old crop, while soybeans slipped slightly. Export inspections showed strong performance for corn and solid showings for wheat and soybeans. Winter wheat conditions held steady in Kansas but declined in Texas and Oklahoma. Market attention began shifting toward President Trump’s anticipated tariff announcement, raising questions over potential trade fallout.
